Non Banking Finance Company Registration

Non-Banking Financial Companies (NBFCs) offer a range of financial services, including borrowing and lending, credit facilities, retirement planning, and investments in the money market. They are registered under the Companies Act, 2013, and require registration from the Reserve Bank of India to operate. NBFCs are subject to laws and regulations set forth by the RBI.
Solubilis provides NBFC registration in India with experienced specialists who have a decade of experience and ensure compliance with the relevant laws and regulations. We are committed to delivering top-quality service.

Pre Requisites

For NBFC registration, several prerequisites must be met, including:

  • A net owned fund of Rs. 200 lakhs.
  • At least one director with a relevant background.
  • A good CIBIL score.
  • Acceptance and renewal of public deposits for a minimum of 12 months and a maximum of 60 months.
  • Adherence to RBI-prescribed interest rate ceilings.
  • Exclusion from the payment and settlement system, meaning they cannot issue cheques.
  • Prohibition from offering higher interest rates, gifts, incentives, or additional benefits to depositors.
  • Note that deposits with NBFCs are not insured.

Proposed director & Shareholder - Indian Citizen:

  • PAN Card
  • Aadhar Card
  • Proof of Address (Bank Statement, Telephone Bill, Electricity Bill, or Mobile Bill - Latest of Two Months)
  • Passport Size Photo

Proposed director & Shareholder - Foreign National:

  • Copy of Passport (Notary and Apostille required)
  • Copy of Address Proof (Notary and Apostille required)
  • Copy of Nationality Proof (Notary and Apostille required)
  • One Passport Size Photo

Register Office documents:

  • If the Office is Rental, Rental Agreement is Mandatory
  • Electricity Bill (Not more than two months old)
  • Occupant must provide a No Objection Certificate (NOC) from the landlord if the office is not rented.

Procedure of NBFC

Step 1: Submit the application on COSMOS

  • Application Submission Submit your application online on RBI's official COSMOS website. Download the application form from there.

Step 2: Make available the approved regional office name in C-8

  • Regional Office Name Specify the name of your preferred regional office in Annex-I of the Excel application form.

Step 3: Allotment of Company Application Reference Number

  • Application Reference Number You will receive a Company Application Reference Number. This number is essential for further online application for the Certificate of Registration (CoR).

Step 4: Send the documents to the Regional Office

  • Document Submission Submit hard copies of all required documents, including your application form, to the relevant regional RBI office. Remember to provide your online Company Application Reference Number

Step 5: Track the status of the application

  • Track Application Status After successfully completing the above steps, you can track your application's status on the COSMOS website. Simply enter your Company Application Reference Number.


A non-banking financial company (NBFC) that primarily receives deposits in a lump sum or in installments through various schemes or contributions falls under the category of a residuary NBFC.

A company is registered as an NBFC by the RBI when over 50 percent of its total assets and more than 50 percent of its gross income come from financial assets, making financial activities its primary business.

NBFCs with an asset size of ₹500 crore or more, as per their latest audited balance sheet, are designated as systemically important NBFCs. This classification is made because the activities of these NBFCs can impact the financial stability of the broader economy.

NBFCs engage in lending and investments similar to banks but have some key distinctions:
* They can't accept demand deposits.
* NBFCs are not part of the payment and settlement system and can't issue checks.
Deposit insurance by organizations like the Deposit Insurance and Credit Guarantee Corporation isn't available to NBFC depositors, unlike bank depositors who enjoy such insurance coverage. These differences highlight the unique characteristics and limitations of NBFCs compared to traditional banks.

Financial businesses, like insurance and stock companies, have specific regulators mandated by law. For instance, IRDA oversees insurance, SEBI manages merchant banking, venture capital, and stock broking, while NHB regulates housing finance. These regulatory bodies ensure compliance and supervise these sectors, fostering a secure and stable financial environment.

The Reserve Bank of India oversees Non-Banking Financial Companies (NBFCs) involved in lending, acquiring shares, stocks, bonds, and financial leasing. This regulatory role ensures the proper functioning and reliability of NBFCs in diverse financial activities.

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